North Parramatta

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A roofless three bedroom North Parramatta home, gutted by a fire, fetched $785,000 at auction at weekend auction.
The buyer of the Bourke Street had increased their bid from $780,000 to secure the 535 sqm property under the hammer.
It last traded for $597,500 in 2013.
The original 1960s owner, the Walter family were in attendance at the onsite auction.
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Ray White Parramatta agent Rowan Thredgold had said before the auction he hoped it wouldn't rain given there was no roof, but the rain stayed away.
CoreLogic had estimated its value as somewhere between $785,000 and $1.06 million, owing to its proximity to the expanding Parramatta CBD, proposed light rail station, and the newly built Bankwest Stadium. 
 
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Roofless North Parramatta house sells at $785,000

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A North Parramatta freestanding house with a granny flat has been scheduled for auction on August 18 with a $1.55 million price guide.
It has been offered by Daniel Mourad and Kyle Lloyd from Laing+Simmons Parramatta.
Situated at<a href="https://lsre.com.au/property/0000382318-house-12a-lake-street" target="_blank"> 12A Lake Street</a>, the house comes with five bedrooms, open plan living and dining room overlooking the alfresco entertainment area, rumpus room or second living area, and chic kitchen island.
The granny flat features two bedrooms, open plan living and dining, modern bathroom with internal laundry and separate backyard. 
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It is located within close proximity of public transport, reputable schools and recreational parks, and only a short drive/bus ride to Parramatta CBD.
The potential rental return of the property is about $1,000 per week, according to Laing+Simmons.
The suburb's median house price sits at<a href="https://www.urban.com.au/property-observer" target="_blank"> $1,332,000</a>, according to CoreLogic. 
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